By Legal Futures Associate Landmark Information Group [1]
Spoiler alert: aside from some marginal variances, property transaction timescales did not vastly alter in 2024, despite reduced transaction volumes. The question is: why?
Our latest Property Transactions Report – entitled Why don’t lower volumes mean faster transactions? – seeks to answer that question (and more), delving into 17 years’ worth of data, with cross-market commentary from our experts.
Major talking points covered in the report include:
- What are the persistent bottlenecks in the home-buying process?
- Where have timelines improved?
- How do property transaction timescales compare to consumer expectations?
In this report, we analyse the time taken between key transaction milestones and how they have changed over time, including:
- Instruction to completion timescales for sales and purchases
- Contract issued to buyer enquiries received timescales for sales
- Instruction to mortgage offer received timescales for purchases
Access your copy of the report here [2].
